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BorgWarner Shares Jump on Double Digit Earnings Guidance for 2007

Thursday, 11 Jan 2007 | 12:19 PM ET

Shares of BorgWarner surged after the auto parts maker said it expects earnings growth of greater than 10% in 2007, supported by strength in Europe and Asia and in line with historical rates.

BorgWarner said it expects 2007 earnings per share of $4.60 to $4.80 and sales growth of 7%to 9%.

Analysts on average expect BorgWarner to earn $4.58 per share, according to Thomson Financial.

BorgWarner also said it expects operating margins to improve in 2007 over 2006, toward the low end of its historical range of 8.5% to 9%.

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